PERTH (miningweekly.com) – ASX- and TSX-listed gold miner Endeavour Mining reported on Friday that it was on track to deliver a full-year production of between 475 000 oz and 500 000 oz, as gold production during the first quarter of 2015 moved apace.
During the quarter ended March, Endeavour produced 124 000 oz of gold, with the Agbaou mine, in Côte d'Ivoire, delivering 45 322 oz of the production.
The Youga mine, in Burkina Faso, and the Nzema mine, in Ghana, delivered 17 686 oz and 26 979 oz of gold respectively, while the Tabakoto mine, in Mali, delivered the remaining 33 574 oz.
The gold miner was expected to release finalised all-in cash costs for the fourth quarter at a later date, but CEO Neil Woodyer noted that this was likely to range between $930/oz and $980/oz.
“Our best performance comes from the Agbaou mine with mine-level all-in sustaining costs estimated at below $600/oz during the first quarter, which compares to $1 335/oz during 2014.
“Overall, we are very pleased with the production of 124 000 oz, the continued outstanding performance at Agbaou, and the downward all-in sustaining cost trend at Tabakoto as it moves towards its guidance range for the year,” Woodyer said.